Indonesia Trade Balance April 2016

Indonesia: Trade surplus rises in April

May 16, 2016

Exports contracted 12.6% in April over the same month last year, which was a less-pronounced contraction than the 13.4% drop seen in March. Non-oil and gas exports, which account for the majority of Indonesian shipments, plunged 9.3% in April, which was a slight deterioration from March’s 9.2% decrease. Oil and gas exports contracted a staggering 39.2% (March: -37.7% yoy). Meanwhile, imports fell 14.6% in April, which followed the 10.4% contraction seen in March.

The trade surplus rose in April, increasing from March’s USD 508 million to USD 667 million. In addition, the result was above April 2015’s USD 477 million surplus and surpassed market expectations. Meanwhile, the 12-month moving sum of the trade balance rose from a USD 6.9 billion surplus in March to a USD 7.1 billion surplus in April.

FocusEconomics Consensus Forecast panelists expect exports to decrease 2.1% and see the trade balance tallying a surplus of USD 7.5 billion in 2016. For 2017, the panel expects exports to grow 6.9% and expects the trade surplus to drop to USD 6.3 billion.

Newsletter Subscription

Indonesia Economic News

According to Statistics Indonesia, the country recorded a trade deficit of USD 2.0 billion in November, far larger than markets had expected and contrasting the USD 0.2 billion surplus registered in the same month last year.

Conditions in Indonesia’s manufacturing sector improved at a slower pace in November, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 50.5 in October to 50.4 in November—the third consecutive monthly decline.

According to Statistics Indonesia, the country recorded a trade deficit of USD 1.8 billion in October, larger than markets had expected and contrasting the USD 1.0 billion surplus registered in the same month last year.

Sign up for our newsletter

Cookies Policy: We use third-party cookies to improve our services by analyzing your browsing habits.
By continuing to use this website you are giving consent to cookies being used. For more information on cookies and how you can disable them, see our "Cookies Policy".
Close